0001638599-21-000747.txt : 20211005 0001638599-21-000747.hdr.sgml : 20211005 20211005171019 ACCESSION NUMBER: 0001638599-21-000747 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211005 FILED AS OF DATE: 20211005 DATE AS OF CHANGE: 20211005 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hedgepeth William L CENTRAL INDEX KEY: 0001354630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50400 FILM NUMBER: 211307632 MAIL ADDRESS: STREET 1: C/O NEW CENTURY BANK STREET 2: 700 W CUMBERLAND STREET CITY: DUNN STATE: NC ZIP: 28334 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SELECT BANCORP, INC. CENTRAL INDEX KEY: 0001263762 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 200218264 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: MARK A JEFFRIES STREET 2: 700 WEST CUMBERLAND ST CITY: DUNN STATE: NC ZIP: 283351988 BUSINESS PHONE: (910) 892-7080 MAIL ADDRESS: STREET 1: MARK A JEFFRIES STREET 2: 700 WEST CUMBERLAND ST CITY: DUNN STATE: NC ZIP: 283351988 FORMER COMPANY: FORMER CONFORMED NAME: NEW CENTURY BANCORP INC DATE OF NAME CHANGE: 20030915 4 1 doc4_7368.xml PRIMARY DOCUMENT X0306 4 2021-10-05 0 0001263762 SELECT BANCORP, INC. SLCT 0001354630 Hedgepeth William L 700 W CUMBERLAND ST DUNN NC 28334 1 1 0 0 President & CEO common stock 2021-10-05 4 M 0 35200 A 81167 D common stock 18580 I Joint with spouse stock options 8.04 2021-10-05 4 M 0 15000 8.04 D 2026-02-23 common stock 15000 0 D stock options 6.93 2021-10-05 4 M 0 15000 6.93 D 2025-02-11 common stock 15000 0 D stock options 10.15 2021-10-05 4 M 0 5200 10.15 D 2027-01-24 common stock 6500 1300 D Options to Purchase Common Stock 11.27 2027-09-06 common stock 7000 7000 D Options to Purchase Common Stock 11.84 2029-01-22 common stock 15000 15000 D Options to Purchase Common Stock 11.84 2030-01-21 Common Stock 15000 15000 D Options to Purchase Common Stock 9.41 2031-01-26 Common Stock 7500 7500 D The option vests in five equal annual installments beginning on February 11, 2016, subject to holder's continued employment. The option vests in five equal annual installments beginning on February 23, 2017, subject to holder's continued employment. The option vests in five equal annual installments beginning on January 24, 2018, subject to holder's continued employment. The option vests in five equal annual installments beginning on September 6, 2018, subject to holder's continued employment. The option vests in five equal annual installments beginning on January 22, 2020, subject to holder's continued employment. The option vests in five equal annual installments beginning on January 21, 2021, subject to holder's continued employment. The option vests in five equal annual installments beginning on January 26, 2022, subject to holder continued employment. 15,000 @ $6.93; 15,000 @ $8.04; 5,200 @ $10.15 /s/William L Hedgepeth 2021-10-05